Tribune Resources (TBR) Q1 2026 TU earnings summary

Executive summary

• 6,818 ounces of gold produced during the quarter, with 5,114 oz attributable to a 75% share from joint venture operations at EKJV processed at Mungari plant.

• Production commenced from the Hornet Open Pit mine, and exploration drilling resumed at the Japa Project in Ghana, yielding significant gold intercepts.

Financial highlights

• Cash and cash equivalents increased to $17.453m at 30 September 2025 from $12.449m at 30 June 2025.

• Receipts from customers rose by $3.982m to $42.792m for the quarter, driven by higher sales and gold prices.

• Net cash from operating activities was $5.9m for the quarter.

• Production costs decreased by $3.086m, while development and exploration costs increased by $5.376m and $1.172m, respectively.

Outlook and guidance

• Further diamond drilling is scheduled at EKJV to test resource extensions at Sadler and Ambition, with 1,054 metres planned for Q2 FY26.

• Ongoing exploration at Japa Project in Ghana, with 89 drillholes planned and 31 completed by quarter-end.